FTX Leadership Accuses Bankman-Fried of Taking $2.2 Billion.

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Source: Ars Technica
FTX Leadership Accuses Bankman-Fried of Taking $2.2 Billion.
Photo: Ars Technica
TL;DR Summary

FTX entities, including Alameda Research, paid and loaned about $2.2 billion to Sam Bankman-Fried, while his fellow executives received another $951 million combined, including $839 million to three executives who already pleaded guilty to fraud. Bankman-Fried, who faces criminal fraud and conspiracy charges, is accused of improperly diverting billions of dollars of FTX customer funds to Alameda. FTX has not yet determined how much money it can return to customers and is investigating causes of action against the recipients of these transfers and their subsequent transferees.

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